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Finance
Brown Brothers Harriman’s (BBH) Elias Haddad reports USD/INR is firmer after recently testing a one‑month low, following the Reserve Bank of India’s (RBI) unanimous decision to keep its policy rate at 5.25% and maintain…
Finance
Gold (XAU/USD) jumps more than 2.50% on Wednesday as weaker-than-expected US labour market data pressures the US Dollar (USD), while lower Oil prices on hopes of reopening the Strait of Hormuz ease inflation concerns an…
Finance
The dollar fell as much as 3% against the Japanese yen on Thursday in its biggest single-day drop since late 2022, as currency analysts across three continents pointed to one explanation: Japan's Ministry of Finance had…
Finance
The British pound sterling traded at N1,827/£1 against the naira at the start of the midweek session in the Nigerian foreign exchange market, with black market rates fluctuating slightly higher based on local liquidity.
Finance
United Overseas Bank’s (UOB) Quek Ser Leang sees USD/CNH trading slightly higher within a developing range, with intraday levels expected between 6.7500 and 6.7620. On a 1–3 week horizon, the pair could continue to edge…
Finance
Commerzbank analysts note that Vietnam’s July inflation eased to 4.5% year-on-year, keeping the average near the 4.5% target, while the trade deficit widened to USD 3.6 billion on strong import growth driven by energy a…
Finance
Commerzbank economist Dr. Henry Hao highlights that China’s private manufacturing PMI fell to 50.9 in July, reinforcing signs of slowing factory momentum alongside the official NBS PMI at 49.2. The weaker data strengthe…
Finance
The Pound Sterling (GBP) trades near 1.3450 against the US Dollar (USD) on Tuesday, higher by 0.11% inside a session range of 36 pips, the second sub-40-pip day cable has produced inside a week. The pair holds above the…
Finance
Oil prices extended their slide on Tuesday after reports that an announcement on the reopening of the Strait of Hormuz could come within hours. Al Arabiya and Al Hadath, citing high-level sources, said communications ar…
Finance
The Mexican Peso (MXN) surges to a six-week high on Tuesday as talks between the US and Iran could reopen the Strait of Hormuz, easing global inflationary pressures by freeing ship traffic. At the time of writing, the U…
Finance
Speculation of intervention had been building for weeks as USD/JPY climbed back towards its 2024 highs. What caught markets off guard was the coordinated action with the US Treasury, giving last week’s intervention cons…
Finance
United Overseas Bank’s (UOB) Quek Ser Leang notes that the USD Index bias has shifted to the downside after failing to break above the weekly Ichimoku cloud and instead plunging below the 55-week EMA. However, flat EMAs…
Finance
The US Dollar (USD) shows marginal losses against the Swiss Franc (CHF) on Tuesday, as Dollar bulls struggle to find acceptance above 0.8100. Risk-appetite, amid hopes of peace talks between the US and Iran, and investo…
Finance
The U.S. dollar has been under pressure in recent months, driven by factors including trade policy uncertainty, interest rate fluctuations and geopolitical tensions. The U.S. Dollar Index — which tracks the strength of …
Finance
Rabobank’s Senior Market Strategist Benjamin Picton highlights coordinated action between the US Treasury and Japan’s Ministry of Finance (MoF) to defend the Japanese Yen (JPY), framing it as a potential “financial Fort…
Finance
DBS economist Radhika Rao expects the RBI MPC to keep the benchmark rate at 5.25% with a neutral stance and cautious guidance. The report highlights focus on core inflation, monitoring of West Asia risks and US Fed poli…
Finance
The EUR/USD pair fell towards 1.1417, its lowest since last March, as the US Dollar (USD) soared following the first Federal Reserve (Fed) monetary policy meeting chaired by Kevin Warsh. EUR/USD got to recover some grou…
Finance
Commerzbank’s Volkmar Baur writes that despite South Africa’s reasonable recent performance under pressure from the Iran conflict, the central bank’s July decision to leave its key rate unchanged was surprising. With re…
Finance
EUR/JPY trades around 181.70 on Tuesday, up 0.44% on the day at the time of writing, supported by renewed optimism surrounding the Euro (EUR) and persistent weakness in the Japanese Yen (JPY).
Finance
Oil prices turn lower as Bessent says U.S. may have Iran deal "today or tomorrow"
Finance
OTTAWA, April 2025 - The Canadian dollar demonstrates remarkable resilience this week, holding steady against major currencies despite escalating geopolitical tensions in the Middle East and a concurrent surge in global…
Finance
BNY strategists John Velis and David Tam highlight the July Nonfarm Payrolls (NFP) report and upcoming Consumer Price Index (CPI) releases as key inputs for the Fed. They see consensus around 80,000 jobs, with a breakev…
Finance
The Aussie dollar (AUD/USD) has long been a way to express a view on emerging Asia. That may be changing as the region’s currencies begin moving in the same direction against the US dollar.
Finance
The Toronto Blue Jays traded right-handed reliever Jeff Hoffman to the Minnesota Twins just before the trade deadline Monday, the teams announced. Toronto will receive left-hander Dasan Hill, right-hander John Klein and…